Question: please show work how you got the answer Assume you are a US exporter with an account receivable denominated in Singapore dollars to be paid

please show work how you got the answer Assume you are

please show work how you got the answer

Assume you are a US exporter with an account receivable denominated in Singapore dollars to be paid to you in one year, in the amount of SGD 785,000. The current spot rate is 0.7 and the forward rate is 0.72, in number of USD for one SGD. Additionally, one-year interest rates are 7 in the US and 6.4 in Singapore, in %. What would be the US dollar amount of the hedged receivable using a money market hedge? Enter your answer with no decimals

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